The basis for judging whether a person’s life can truly change lies in observing how someone continues to engage in meaningful activities every day, regularly and consistently. What matters is that the person does not stop doing a lot of work at once, but instead continues steadily every day, even if the efforts are small. Lao-tzu said, “Nature doesn’t rush. But it has been accomplishing everything.” If you want to be healthy, you can engage in small but consistent exercise each day. If you want to build wealth, you can pursue small production and investment activities daily. If you want to be smart, you can read or study even a small amount each day. Life consists of both simple-interest life and compound-interest life. - Joseph’s “just my thoughts”
What happens if you have significant debt but also have the ability to issue money? In this case, the debt may become irrelevant. While the government can issue currency, the private sector lacks this capability. So, how does the private sector create money? There are limited methods, including adding value through production, establishing reasons for exchange that involve considerations, or receiving a gift, such as an inheritance. All other methods are illegal. - Joseph’s “just my thoughts”